A property company has failed to return millions of pounds to buyers who invested in apartments that will not be built.
The Sourced Development Group is behind plans to build hundreds of apartments on land off Blackstock Street. The initial scheme marketed by the company was to build nearly 452 units, however this was later revised to a 310 unit scheme.
Sourced has offered investors in the scheme the chance to either exit the scheme or continue. Those exiting the scheme have been told that they can recover their deposits only when Sourced have re-sold the unit.
